Bitcoin Miners With Attractive Power Contracts Are Potential M&A Targets, JPMorgan Says
Submitted by Anonymous (not verified) on Wed, 06/05/2024 - 21:00U.S.
U.S.
Cloud computing provider CoreWeave made an offer to buy the bitcoin miner for $5.75 per share, according to Bloomberg.
The miner is looking at options including sale of all or part of the company and other strategic transactions.
The takeover, which hasn't been previously disclosed publicly, expands the cryptocurrency exchange's regulatory licensing in the U.S.
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Ripple struck a deal to acquire Standard Custody & Trust Co., the company said Tuesday, in order to secure a New York trust charter in an ongoi
Experts said newcomers in the bitcoin investing game could be enticed by Grayscale, the incumbent with a huge lead.
Strong miners might be about to eat the weak ones as the reward for mining BTC gets cut in half, experts say.
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